PlayAGS Inc (NYSE:AGS) Expected to Post Quarterly Sales of $83.53 Million

Analysts expect that PlayAGS Inc (NYSE:AGS) will report $83.53 million in sales for the current quarter, according to Zacks. Six analysts have made estimates for PlayAGS’s earnings. The lowest sales estimate is $81.20 million and the highest is $86.68 million. PlayAGS posted sales of $72.82 million in the same quarter last year, which suggests a positive year over year growth rate of 14.7%. The business is expected to announce its next earnings results after the market closes on Wednesday, August 7th.

On average, analysts expect that PlayAGS will report full year sales of $333.01 million for the current year, with estimates ranging from $330.58 million to $336.59 million. For the next financial year, analysts forecast that the business will report sales of $367.40 million, with estimates ranging from $354.15 million to $376.10 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow PlayAGS.

AGS has been the topic of a number of recent analyst reports. ValuEngine lowered PlayAGS from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Roth Capital began coverage on PlayAGS in a report on Monday, April 8th. They issued a “buy” rating and a $35.00 price target for the company. Deutsche Bank reiterated a “buy” rating and issued a $31.00 price target on shares of PlayAGS in a report on Sunday, May 12th. Finally, Zacks Investment Research downgraded PlayAGS from a “buy” rating to a “hold” rating in a report on Thursday. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $33.00.

Shares of AGS traded down $0.18 during trading on Thursday, reaching $18.58. The company’s stock had a trading volume of 313,408 shares, compared to its average volume of 361,256. The business’s fifty day moving average price is $19.62. PlayAGS has a twelve month low of $17.49 and a twelve month high of $32.80. The company has a market cap of $674.82 million, a P/E ratio of -123.87, a price-to-earnings-growth ratio of 2.66 and a beta of 0.87. The company has a debt-to-equity ratio of 3.84, a quick ratio of 1.36 and a current ratio of 1.91.

In other news, CEO David Lopez sold 6,144 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $20.98, for a total value of $128,901.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of AGS. Marshall Wace LLP bought a new position in PlayAGS during the 1st quarter worth $20,195,000. FMR LLC grew its stake in PlayAGS by 37.9% during the 4th quarter. FMR LLC now owns 1,585,184 shares of the company’s stock worth $36,459,000 after buying an additional 436,074 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in PlayAGS during the 1st quarter worth $6,834,000. SG Capital Management LLC bought a new position in PlayAGS during the 2nd quarter worth $3,974,000. Finally, Millennium Management LLC grew its stake in PlayAGS by 147.9% during the 4th quarter. Millennium Management LLC now owns 278,609 shares of the company’s stock worth $6,408,000 after buying an additional 166,234 shares during the last quarter. Hedge funds and other institutional investors own 98.66% of the company’s stock.

PlayAGS Company Profile

AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Their roots are firmly planted in the Class II Native American gaming market, but their customer-centric culture and growth have helped them branch out to become a leading all-inclusive commercial gaming supplier.

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Earnings History and Estimates for PlayAGS (NYSE:AGS)

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